BLACK TUSK RECEIVES PERMIT FOR GOLDSMITH EXPLORATION
Updated: Jun 6, 2018
Mr. Richard Penn reports
BLACK TUSK RESOURCES OBTAINS PERMIT FOR EXPLORATION ON THE GOLDSMITH PROPERTY
Black Tusk Resources Inc. has received a work permit from the British Columbia Ministry of Energy, Mines and Petroleum Resources for its exploration program on the Goldsmith property. The permit includes creating access to parts of the property for trench excavating up to 10 sites. Trenching will be designed to expose bedrock for mapping and sampling at target zones defined by the 2018 work program which is currently under way.
The company is currently completing compilation of available geological, geochemical and geophysical data for the Goldsmith property. The company also plans to complete light detection and ranging (lidar) surveying for obtaining detailed topographic control on the property.
Historic mine workings exist on the Goldsmith property over an approximate two-kilometre trend. The workings were reported to have exposed quartz veins and other gold-bearing structures. Black Tusk conducted verification sampling over a part of this trend earlier this year with the objective of verifying the existence of elevated gold grades.
Results from that sampling include a grab sample from old mine workings that returned 29.89 grams per tonne gold and a grab sample from an old trench that returned 27.5 grams per tonne gold. Results also include 13.34 grams per tonne gold from a 30-centimetre-wide quartz vein and 12.53 grams per tonne gold from a 1.5-metre chip sample taken across a group of narrow quartz veins (for complete results please refer to company news release dated May 14, 2018). The reader is cautioned that results presented above do not indicate the continuity or average grade of any gold-bearing structures, or any resource potential of the property.
"We are very pleased to have a permit in hand for our 2018 work program, and are extremely happy with the progress thus far on the Goldsmith project," said Richard Penn, chief executive officer of Black Tusk Resources.
About Black Tusk Resources Inc.
Black Tusk is engaged in the acquisition and exploration of its mineral property located in British Columbia, Canada. Pursuant to the Goldsmith option agreement, the company currently has an option to acquire a 100-per-cent undivided interest in the Goldsmith property situated in the Kootenays, approximately 65 kilometres north of the city of Kaslo, B.C.
Perry Grunenberg, PGeo, a "qualified person" as that term is defined under National Instrument 43-101, has reviewed and approved the technical information contained in this news release. Mr. Grunenberg is also a director of the company.